Farms, Fertiliser, and Financial Frictions

Farms, Fertiliser, and Financial Frictions PDF Author: Mr.Sébastien Walker
Publisher: International Monetary Fund
ISBN: 1475599137
Category : Business & Economics
Languages : en
Pages : 52

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Book Description
This paper develops a Dynamic Stochastic General Equilibrium (DSGE) model with a financial accelerator which captures key features of low-income countries (LICs). The predominance of supply shocks in LICs poses distinct challenges for policymakers, given the negative correlation between inflation and the output gap in the case of supply shocks. Our results suggest that: (1) in the face of a supply-side shock, the most desirable interest rate rule involves simply targeting current inflation and smoothing the policy interest rate; and (2) ignoring financial frictions when evaluating policy rules can be particularly problematic in LICs, where financial frictions loom especially large.

Farms, Fertiliser, and Financial Frictions

Farms, Fertiliser, and Financial Frictions PDF Author: Mr.Sébastien Walker
Publisher: International Monetary Fund
ISBN: 1475599137
Category : Business & Economics
Languages : en
Pages : 52

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Book Description
This paper develops a Dynamic Stochastic General Equilibrium (DSGE) model with a financial accelerator which captures key features of low-income countries (LICs). The predominance of supply shocks in LICs poses distinct challenges for policymakers, given the negative correlation between inflation and the output gap in the case of supply shocks. Our results suggest that: (1) in the face of a supply-side shock, the most desirable interest rate rule involves simply targeting current inflation and smoothing the policy interest rate; and (2) ignoring financial frictions when evaluating policy rules can be particularly problematic in LICs, where financial frictions loom especially large.

Regional Economic Outlook, October 2017, Sub-Saharan Africa

Regional Economic Outlook, October 2017, Sub-Saharan Africa PDF Author: International Monetary Fund. African Dept.
Publisher: International Monetary Fund
ISBN: 1484312511
Category : Business & Economics
Languages : en
Pages : 129

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Book Description
Growth in sub-Saharan Africa has recovered relative to 2016, but the momentum is weak and per capita incomes are expected to barely increase. Further, vulnerabilities have risen in many countries, adding to the urgency of implementing the fiscal consolidations planned in most countries and with stepped up efforts to strengthen growth.

Regional Economic Outlook, April 2018, Sub-Saharan Africa

Regional Economic Outlook, April 2018, Sub-Saharan Africa PDF Author: International Monetary Fund. African Dept.
Publisher: International Monetary Fund
ISBN: 148433986X
Category : Business & Economics
Languages : en
Pages : 137

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Book Description
The region is seeing a modest growth uptick, but this is not uniform and the medium-term outlook remains subdued. Growth is projected to rise to 3.4 percent in 2018, from 2.8 percent in 2017, on the back of improved global growth, higher commodity prices, and continued strong public spending. About 3⁄4 of the countries in the region are predicted to experience faster growth. Beyond 2018, growth is expected to plateau below 4 percent, modestly above population growth, reflecting continued sluggishness in the oil-exporting countries and sustained growth in non-resource-intensive countries. A number of countries (Burundi, DRC, South Sudan, and parts of the Sahel) remain locked in internal conflict resulting in record levels of refugees and Internally Displaced Persons, with adverse spillovers to neighboring countries.

IMF Research Bulletin, Summer 2017

IMF Research Bulletin, Summer 2017 PDF Author: International Monetary Fund. Research Dept.
Publisher: International Monetary Fund
ISBN: 1484315448
Category : Business & Economics
Languages : en
Pages : 19

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Book Description
The Summer 2017 issue of the IMF Research Bulletin highlights new research such as recent IMF Working Papers and Staff Discussion Notes. The Research Summaries are “Structural Reform Packages, Sequencing, and the Informal Economy (by Zsuzsa Munkacsi and Magnus Saxegaard) and “A Broken Social Contract, Not High Inequality Led to the Arab Spring” (by Shantayanan Devarajan and Elena Ianchovichina). The Q&A section features “Seven Questions on Fintech” (by Tommaso Mancini-Griffoli). The Bulletin also includes information on recommended titles from IMF Publications and the latest articles from the IMF Economic Review.

Making Better Policies for Food Systems

Making Better Policies for Food Systems PDF Author: OECD
Publisher: OECD Publishing
ISBN: 9264967834
Category :
Languages : en
Pages : 282

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Book Description
Food systems around the world face a triple challenge: providing food security and nutrition for a growing global population; supporting livelihoods for those working along the food supply chain; and contributing to environmental sustainability. Better policies hold tremendous promise for making progress in these domains.

Financial Crises in DSGE Models

Financial Crises in DSGE Models PDF Author: Mr.Jaromir Benes
Publisher: International Monetary Fund
ISBN: 1475524986
Category : Business & Economics
Languages : en
Pages : 59

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Book Description
This paper presents the theoretical structure of MAPMOD, a new IMF model designed to study vulnerabilities associated with excessive credit expansions, and to support macroprudential policy analysis. In MAPMOD, bank loans create purchasing power that facilitates adjustments in the real economy. But excessively large and risky loans can impair balance sheets and sow the seeds of a financial crisis. Banks respond to losses through higher spreads and rapid credit cutbacks, with adverse effects for the real economy. These features allow the model to capture the basic facts of financial cycles. A companion paper studies the simulation properties of MAPMOD.

No Business Taxation Without Model Representation

No Business Taxation Without Model Representation PDF Author: Benjamin Carton
Publisher: International Monetary Fund
ISBN: 1484326016
Category : Business & Economics
Languages : en
Pages : 61

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Book Description
The Global Integrated Monetary and Fiscal model (GIMF) is a multi-region, forward-looking, DSGE model developed at the International Monetary Fund for policy analysis and international economic research. This paper documents the incorporation of corporate income, cash-flow and destination based cash-flow taxes into the model. The analysis presented considers the transmission mechanism of these taxes and details how financial frictions interact with each of the taxes.

Inclusive Businesses in Agriculture

Inclusive Businesses in Agriculture PDF Author: Wytske Chamberlain
Publisher: AFRICAN SUN MeDIA
ISBN: 1928355080
Category : Technology & Engineering
Languages : en
Pages : 294

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Book Description
ÿ Inclusive business is hailed as a win-win scenario for the development of poor communities; yet there is little insight into how these inclusive businesses work and, more importantly, for whom. This book aims for a thorough understanding of the range of inclusive businesses in agriculture by examining: the structures they implement, the actors involved, and whether they are effectively inclusive of smallholders. It presents a range of case studies and is therefore empirically based and practically oriented. By offering a critical assessment of inclusive businesses overall, it allows for a better perception of what works where, and under which conditions. It provides useful insights that will benefit smallholders, agri-businesses, support groups, policy makers and investors who are willing to promote more inclusive businesses, that foster a better integration of smallholders into commercial value-chains and a more equitable and sustainable agricultural sector.

OECD-FAO Agricultural Outlook 2021–2030

OECD-FAO Agricultural Outlook 2021–2030 PDF Author: Food and Agriculture Organization of the United Nations
Publisher: Food & Agriculture Org.
ISBN: 9251346089
Category : Political Science
Languages : en
Pages : 337

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Book Description
The Agricultural Outlook 2021-2030 is a collaborative effort of the Organisation for Economic Co-operation and Development (OECD) and the Food and Agriculture Organization (FAO) of the United Nations. It brings together the commodity, policy and country expertise of both organisations as well as input from collaborating member countries to provide an annual assessment of the prospects for the coming decade of national, regional and global agricultural commodity markets. The publication consists of 11 Chapters; Chapter 1 covers agricultural and food markets; Chapter 2 provides regional outlooks and the remaining chapters are dedicated to individual commodities.

Seeing Like a State

Seeing Like a State PDF Author: James C. Scott
Publisher: Yale University Press
ISBN: 0300252986
Category : Political Science
Languages : en
Pages : 462

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Book Description
“One of the most profound and illuminating studies of this century to have been published in recent decades.”—John Gray, New York Times Book Review Hailed as “a magisterial critique of top-down social planning” by the New York Times, this essential work analyzes disasters from Russia to Tanzania to uncover why states so often fail—sometimes catastrophically—in grand efforts to engineer their society or their environment, and uncovers the conditions common to all such planning disasters. “Beautifully written, this book calls into sharp relief the nature of the world we now inhabit.”—New Yorker “A tour de force.”— Charles Tilly, Columbia University